SINGLES ON SAILBOATS INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Rebecca Strandberg

Phone

4107984098

Tax Period

2019-01-01 to 2019-12-31

SINGLES ON SAILBOATS INC, founded in 1980, is a small nonprofit that reported $134K in total revenue in fiscal year 2019. The organization ran a surplus of $24K, a strong 18% operating margin.

Mission

Bylaws Article II: The prime purpose of the corporation is to bring together single adults who sail, or wish to do so, in order that members can meet others with similar interests, participate in sailing activities, and share information about sailing.

Program Service Accomplishments

Program 1

Expenses: $32,327 Revenue: $31,153

Bareboat Cruises - This major program organizes trips outside the local sailing area for a week or more on chartered sailing vessels. Some trips remain in US waters, others originate in foreign...

Bareboat Cruises - This major program organizes trips outside the local sailing area for a week or more on chartered sailing vessels. Some trips remain in US waters, others originate in foreign destinations (Belize and Sweden this past year.) Heavy volunteer involvement in planning these trips limits costs.

Program 2

Expenses: $17,370 Revenue: $19,512

Social: Six major social events and four brunches were held in 2019. Some occur at weekend sailing destinations with an average participation of about 80 members. Social events increase opportunities for members to share their enthusiasm about the sport of sailing as well as allow members to meet with others who have similar interest, participate in sailing activities, and share information about sailing. Volunteers organize, facilitate and oversee these events. Smaller regional social events are held during the remainder of the year.

Program 3

Expenses: $11,815 Revenue: $12,158

Education Events: In the winter and early spring the organization focuses on education and training of members to improve skills for the coming sailing season. A major training day is generally held each spring; many classes engage more than 100 participants. Volunteers organize and manage these educational events for members and for the community. Winter small group discussions and monthly winter brunches are also part of this endeavor.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $25,359

Program Service Revenue $108,271

Investment Income $68

Other Revenue $246

TOTAL REVENUE $133,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,800

Other Expenses $109,831

TOTAL EXPENSES $109,831

Year-over-Year Comparison

	2019	2018	Change
Revenue	$133,944	$138,938	0.0%
Expenses	$109,831	$111,827	0.0%
Net Income	$24,113	$27,111	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

300

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Axler	Director	2	Director	$0	$0	$0
Jan Warfield	Director	2	Director	$0	$0	$0
Janet Gonski	Director	5.0	Director	$0	$0	$0
Coco Lanquetiut	Director	2.0	Director	$0	$0	$0
Dana Stoffregen	Director	2.00	Director	$0	$0	$0
Rebecca Strandberg	Commodore	10	Officer	$0	$0	$0
Sandy Rosswork	Vice Commodore	5	Officer	$0	$0	$0
Cathy Laws	Secretary	5	Officer	$0	$0	$0
Teresa Scofield	Treasurer	20	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$133,944	$109,831	$353,582	$24,113
2018	$138,938	$111,827	$277,390	$27,111